Malaysia legislation

Section 27

of *DEVELOPMENT FINANCIAL INSTITUTIONS ACT 2002

Section 27

(2)

(Deleted by Act A1502).

(3)

The Bank may, in the interest of promoting orderly development in any economic sector—

(a)

prohibit or restrict a prescribed institution from carrying on such description of business as it may specify; or

(b)

direct a prescribed institution to carry on such description of business as it may specify.

(4)

(Deleted by Act A1502).

Prohibition of financing facilities